02:48 PM EDT, 10/16/2025 (MT Newswires) -- Fed Governor Christopher Waller (voter) said that the FOMC should lower rates by 25 basis points at its Oct. 28-29 meeting but cautioned that beyond that a lack of government data and conflicts in the data that are available suggest moving carefully to see how GDP growth and the labor market progress.

Fed Governor Stephen Miran (voter) said in an interview with Fox Business that he would prefer that the FOMC lower the range of its target rate by 50 basis points at the October meeting.

Recent comments of note:

(Oct. 15) The Fed's Beige Book showed that US economic activity was little changed on net since early-September while employment levels were roughly stable, labor demand was muted and prices increased further due to higher costs, particularly trade-related costs.

(Oct. 15) Fed Governor Stephen Miran (voter) said that uncertainty from trade issues with China are an additional reason for the FOMC to act quickly and aggressively to lower interest rates as a protection against future shocks.